Liquidations

The liquidation of a corporation is divided into two: voluntary liquidation by the members of the corporation or upon insolvency. The department’s team specializes in both types of liquidations, where voluntary liquidation is usually a quick procedure with a technical angle that results from the end of the corporation’s business or purpose and is carried out at the initiative of the corporation’s members.

Liquidation in the event of insolvency is the alternative to the corporation’s rehabilitation, and takes place in a situation where there is no prospect or possibility for the rehabilitation of a corporation in a state of financial distress, whether it is a cash-flow or balance sheet insolvency.

The insolvency department specializes in representing all parties to the company liquidation process – both the debtor corporation and the creditors. In addition, the department’s attorneys are frequently appointed by courts as trustees for executing insolvency and liquidation proceedings. As part of the representation, the department works to exhaust the client’s rights, in a way that also considers economic efficiency and procedural conclusion as quickly as possible.